Xanadu announces up to $10 million in additional DARPA funding under QBI contract extension
Xanadu Quantum Technologies Limited reported on Form 6-K a press release disclosing provisional approval for project funding of up to USD $10 million under a one-year contract extension from DARPA's Quantum Benchmarking Initiative (QBI). The funding builds on Xanadu's prior work in Stage B of QBI and is intended to accelerate components of the company's quantum R&D roadmap over the next 12 months. The release notes that Xanadu may not receive the full $10 million on expected timelines or at all, and the disclosu...
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